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What happens if a in-debt man dies?
So if you had a parent largely in debt, and they died.
What would happen to the debt?
Mainly, he mans possessions would be sold. What really sucks though, is the family is pinned with the owed money. So, you are asking if your parent died? Imagine your parents car/house didn’t cover the cost– You would be in charge of paying it off. Hope this helped!
They would sell the man’s house/car/boat etc until they have enough money. The people that were left the house in the will would get the remaining money. If the house is in a trust, then thats when it gets really difficult.
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